Klarabo Sverige Ab Class B · OMXSTO:KLARA_B
Klarabo Sverige Ab Class B — Q2 2026 Earnings Presentation
16 slides from Klarabo Sverige Ab Class B's earnings presentation, Jul 10, 2026
Slide 1: Welcome to the presentation - Q2 interim report
Welcome to the presentation - Q2 interim report Apr-Jun 2026 Andreas Morfiadakis, Magnus Nordholm, CEO Deputy CEO/CFO
Slide 2: Key highlights
Key ights ighli h
Slide 3: Q2 at a glance
Q2 at a glance Strong operational performance The underlying business continued to perform well during the period, supported by higher rental income and a stronger net operating income, resulting in a 6.2 per cent increase in IFPM per share. During the quarter, 34 apartments were refurbished, while
Slide 4: Improved operations despite higher tariff-related costs
Improved operations despite higher tariff-related costs Revenue Revenue +4.7 % YoY, based on general rental 2026 2025 2026 2025 negotiations (3.3%) and effects from MSEK apr-jun apr-jun jan-jun jan-jun refurbishments. Revenue 189.0 180.5 377.5 355.6 Stable vacancy rate. Costs -73.6 -70.9 -176.7
Slide 5: Improved operations despite higher tariff-related costs
Improved operations despite Income from property management higher tariff-related costs Increase of IPFM of 6,2%. Higher than NOI growth of 5% due to fall in central administration. 2026 2025 2026 2025 MSEK apr-jun apr-jun jan-jun jan-jun SEK 0.33 per share, an increase since last year Revenue 1
Slide 6: Stable NAV per share
Property value of SEK 9.94bn Stable NAV pr share Property value, excluding properties held for sale (total Episurf), of SEK 9.94bn at 4.90 % yield which is a reduction from 4.95% mainly 2026 2025 2025 due to sale of Episurf properties. MSEK 30 jun 30 jun 31 dec Change in property value YoY SEK +64
Slide 7: Current earnings capacity
Scope Current earnings capacity Has eliminated the full effect of the total Episurf transaction that had economic closing as per 30 June 2026. Rental revenue – SEK 690m SEK m Full effect from annual rent increase 2026-07-01 2025-07-01 included, corresponding to a weighted Rental revenue 690.1 73
Slide 8: Financing at 30 June 2026
Financing at 30 June 2026 40% 60% 35% 50% 30% 40% 25% 20% 30% 15% 20% 10% 10% 5% 0% 0% <3 months >=3m <3 yr >=3 yr <5 yr >=5 yr <7 yr >=7 yr <1 yr >=1 yr >=2 yr >=3 yr >=4 yr >5 yr <2 yr <3 yr <4 yr <5 yr Interest rate and hedging Debt maturity and refinancing Average interest rate maturity of 2.9
Slide 9: Refurbishment – measurable impact
77% of refurbishments in Refurbishment – measurable impact cluster locations (LTM) RENTAL UPLIFT +36-46% Increase in rent levels after refurbishment RENT LEVELS (SEK/SQM) +36% +44% +38% +46% 1,760 1,800 1,910 1,710 1,290 1,250 1,380 1,170 Trelleborg Helsingborg Visby Östersund Before refurbishment A
Slide 10: Continued value growth
Historical net value growth LTM 2019 – Q2 2026 Q2 2025 – Q2 2026 Continued value growth SEK 49m SEK 8.0m Accumulated rental Rental increase increase (annual basis) from refurbishments from refurbishments %-enheter / / 150.0 4.0 % 4.7 % Average historical Average weighted yield weighted yield 140.0 =
Slide 11: The Merger
The Merger Creating Sweden’s leading listed residential company
Slide 12: Strategic rationale and key transaction milestones
Strategic rationale and key transaction milestones 1 Creating a scaled SEK 47bn residential platform More predictable and resilient cash flows, as well as broader diversification and increased 2 share of income-generating residential asset Value realisation and integration into a stronger structure
Slide 13: Balanced portfolio and increased scale
Balanced portfolio Sveafastigheter SBB Portfolio and increased scale KlaraBo Overlap Skellefteå Broader geographical diversification, complementary market Umeå exposure and a higher share of income generating assets create a more resilient portfolio. GAV (SEKbn) Östersund Sundsvall 47 Bollnäs SBB Po
Slide 14: Illustrative pro forma earnings capacity
Illustrative pro forma earnings capacity Pro forma earnings capacity SEKm Combined 01/04/2026 Synergies Annual amount Post synergies 01/04/2026 Financing synergies Rental value Vacancy 2,982 (151) - - 2,982 (151) SEK 35m over time Rental income 2,831 - 2,831 Property expenses (1,139) 55 (1,084) Lo
Slide 15: A transformational half-year for KlaraBo
A transformational half-year for KlaraBo Announced the merger with Sveafastigheter, creating Sweden's largest listed residential company with approximately 26,500 apartments and a property value of SEK 47bn. Continued strong operational performance with refurbishment returns, 9 per cent, well above
Slide 16: Andreas Morfiadakis, CEO; Magnus Nordholm, Deputy CEO/CFO
Andreas Morfiadakis, Magnus Nordholm, CEO deputy CEO/CFO 16